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FRANKFURT - Aareal Bank AG announced Monday it will issue €500 million in mortgage pfandbriefe bonds maturing on February 3, 2031. The offering’s stabilization period is expected to begin today and end no later than October 1, 2025.
Deutsche Bank AG will serve as the stabilization coordinator for the bond issuance, according to a press release statement. The stabilization manager group includes Deutsche Bank, ING, J.P. Morgan, NORD/LB, RBC Capital Markets, and SEB.
The stabilization managers may over-allot securities in an amount not exceeding 5% of the aggregate nominal amount to support the market price during the stabilization period.
The mortgage pfandbriefe bonds will be identified by the ISIN code DE000AAR0470. The issue price has not yet been determined.
Pfandbriefe are German covered bonds, backed by mortgages or public sector loans, and are considered high-quality debt instruments in European financial markets.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States. The offering is primarily directed at qualified investors in the UK and European Economic Area member states in accordance with applicable regulations.
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